While the Federal Reserve finally began to cut interest rates in the second half of the year, overall construction growth was modest in 2024, according to Dodge Construction Network.
While some projects in the Greenville region have been delayed due to financing issues, Solesbee says the steady stream of new residents moving to the Upstate South Carolina area is keeping contractors in Greenville busy, with sectors such as environmental, health care and education topping the list as most active, with industrial projects on the rise.
Staying steadily busy, the industry in Memphis remains active thanks in large part to big-ticket projects, while the post-COVID surge of projects is receding
Davis, who started with Turner in Memphis in 2016, though he’s been working in the area since the mid-2000s, says the Memphis construction market is busier than it’s ever been and that its level of activity has been steady.